CRC Q2 2024 Earnings — California Resources Corporation Revenue & Financial Results | Market Cap Arena

CRCCalifornia Resources Corporation

$6B

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$509M-9.1% YoY

Gross Profit

$213M41.8% margin

Operating Income

$111M21.8% margin

Net Income

$8M1.6% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-3.0%

Cash Flow

Operating Cash Flow

$100M

Free Cash Flow

$66M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$2.4B

Stockholders' Equity

$2.1B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$509M	$560M	-9.1%
Gross Profit	$213M	$250M	-14.8%
Operating Income	$111M	$137M	-19.0%
Net Income	$8M	$97M	-91.8%

Revenue Segments

Oil and Condensate

$353M84%

Propane

$45M11%

Natural Gas, Production

$23M5%